Service Robotics Market worth USD 41.49 billion at 15.9%CAGR;


List of Key Companies Profiled in Service Robotics Market Are Lely International (Headquarters: – South Holland, Netherlands), Aethon Inc. (Headquarters: – Pennsylvania, United States), Honda Motor Co. Ltd. (Headquarters: – Shizuoka, Japan), KUKA AG (Headquarters: – Bavaria, Germany), Northrop Grumman Corporation (Headquarters: – Virginia, United States), iRobot Corporation (Headquarters: – Massachusetts, United States), Kongsberg Maritime AS (Headquarters: – Kongsberg, Norway, Intuitive Surgical, Inc. (Headquarters: – California, United States), Parrot SA (Headquarters: – Paris, Ile-de-France), DJI (Headquarters: – Shenzhen, China).

Pune, India, Aug. 26, 2021 (GLOBE NEWSWIRE) — The global service robotics market is set to gain traction from the increasing adoption of these robots in a wide range of sectors, such as agriculture, defense, logistics, and healthcare worldwide.This information is given by Fortune Business Insights™ in a new report, titled, “Service Robotics Market Size, Share &COVID-19 Impact Analysis, By Type (Professional, Personal), By Application (Domestic, Industrial/Commercial), and Regional Forecast, 2020-2027.” The report further states that the market size was USD 12.88 billion in 2019 and is projected to reach USD 41.49 billion by 2027, exhibiting a CAGR of 15.9% during the forecast period.

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Fortune Business Insights™ lists out the names of all the renowned service robotics manufacturers operating in the global market. They are as follows:

  • Lely International (Headquarters: – South Holland, Netherlands)

  • Aethon Inc. (Headquarters: – Pennsylvania, United States)

  • Honda Motor Co. Ltd. (Headquarters: – Shizuoka, Japan)

  • KUKA AG (Headquarters: – Bavaria, Germany)

  • Northrop Grumman Corporation (Headquarters: – Virginia, United States)

  • iRobot Corporation (Headquarters: – Massachusetts, United States)

  • Kongsberg Maritime AS (Headquarters: – Kongsberg, Norway

  • Intuitive Surgical, Inc. (Headquarters: – California, United States)

  • Parrot SA (Headquarters: – Paris, Ile-de-France)

  • DJI (Headquarters: – Shenzhen, China)

Report Scope & Segmentation –

Report Coverage

Details

Forecast Period

2020-2027

Forecast Period 2021 to 2028 CAGR

15.9 %

2027 Value Projection

USD 41.49 Billion

Base Year

2019

Market Size in 2019

USD 12.88 Billion

Historical Data for

2016-2018

No. of Pages

120

Segments covered

Type; Application; Regional

Growth Drivers

Ongoing Advancements in Robotic Technology to Propel Growth.

Pitfalls & Challenges

Massive Investments at Initial Stage and High Maintenance Cost May Hinder Growth.

COVID-19 Pandemic to Boost Demand for Medical Robots to Prevent Transmission

Many industries are shutting down their manufacturing facilities owing to the outbreak of the COVID-19 pandemic worldwide. But, the demand for service robotics is surging from the healthcare sector rapidly. Several companies are developing medical robots to…



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